Ahold Delhaize commences ?1 billion share buyback program
(Thomson Reuters ONE) -
Zaandam, the Netherlands, January 9, 2017 - Ahold Delhaize today commences the
?1 billion share buyback program announced on December 7, 2016 and expects to
complete the program before the end of 2017.
Maintaining a balanced approach between funding growth in key channels and
returning excess liquidity to shareholders is part of Ahold Delhaize's financial
framework to support its Better Together strategy. The purpose of the program is
to reduce the capital of Ahold Delhaize, by cancelling all or part of the common
shares acquired through the program.
The program will be executed by intermediaries allowing the execution of share
repurchases in the open market during open and closed periods. The program will
be executed within the limits of relevant laws and regulations and the existing
authority granted at Ahold's 2016 annual general meeting of shareholders on
April 19, 2016 and of the authority (if granted) by the annual general meeting
on April 12, 2017.
Ahold Delhaize will provide regular updates on the progress of the program by
means of press releases.
170109_Share buyback_pressrelease:
http://hugin.info/130711/R/2069603/777505.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold Delhaize via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.01.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 516396
Anzahl Zeichen: 1701
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Ahold Delhaize commences ?1 billion share buyback program"
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